North America Agricultural Inoculants Market Growth, Trends, And Forecasts (2016–2021)

(EMAILWIRE.COM, December 22, 2017 ) The North America Agricultural Inoculants Market was worth USD 78.62 million in 2016 and estimated to be growing at a CAGR of 5.77%, to reach USD 104.08 million by 2021.

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With the growing demand for organic food and organic farming, and strict environmental regulations regarding the use of chemical fertilizers and pesticides, the necessity for agricultural inoculants is increasing which boosts the growth of this market in the above-mentioned forecast period.
Sometimes the plants do not get adequate nutrients be it due to infertility of the soil or poor retention or improper maintenance. Micro and Macro nutrients play important role in the growth and development of plant as they are a key component in many life stages of a plant. Agricultural Inoculants ensure that these essential nutrients are supplied to the plant thereby ensuring the health of plant and increasing crop yield.

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The primary factors accounted for the growth of market are high demand and cost of basic agrochemicals like pesticides and fertilizers, increasing need for organic foods and organic farms, and the endless need for increased food productivity to fulfil the needs of growing population. However the lack of awareness among growers, a decrease in addressable farm acreage and low adoption rate due to lack of proper channels is hindering the growth of this market. Conversely, high growth potential in developing regions and technological advancement in production of inoculants offer the future growth potential for this market.

The North America market for Agricultural Inoculants is segregated by Type, Source, Application, Crop type. Based on Type - Plant Growth Promoting Micro-organisms, Bio-control agents, Plant-resistance Stimulants. Based on Source - Bacterial, Fungal, Others. Based on Application - Seed inoculation, Soil inoculation, Others. Based on Crop type - Cereals & grains, Oilseeds & pulses, Fruits & vegetables, Others. Based on the geological analysis the market is segregated into regions of Canada and United States of America. Product wise the most popular product is PGPMs – Plant Growth Promoting Micro-organisms having highest share. United States is dominating the market with largest share due to its huge population and is the fastest growing region.

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Some of the key corporations prominent in this market include BASF SE, E.I. Du Pont de Nemours and Company, Bayer CropScience, Novozymes A/S, Brettyoung, Verdesian Life Sciences, Dow Chemical Company, Syngenta Ag, Precision Laboratories, Xitebio Technologies.

Agricultural Inoculants Market Segmentation:
Type
• Introduction
• Plant Growth Promoting Micro-organisms
• Bio-Control Agents
• Plant-resistance Stimulants
• Y-o-Y Growth Analysis, By type
• Market Attractiveness Analysis, By Type
• Market Share Analysis, By Type

Source
• Introduction
• Bacterial
• Fungal
• Others
• Y-o-Y Growth Analysis, By Source
• Market Attractiveness Analysis, By Source
• Market Share Analysis, By Source

Application
• Introduction
• Seed inoculation
• Soil inoculation
• Other Applications
• Y-o-Y Growth Analysis, By Application
• Market Attractiveness Analysis, By Application
• Market Share Analysis, By Application

Crop Types
• Introduction
• Cereals & Grains
• Oilseeds & Pulses
• Fruits & Vegetables
• Other Crops
• Y-o-Y Growth Analysis, By Crop type
• Market Attractiveness Analysis, By Crop type
• Market Share Analysis, By Crop type

The scope of the report:
• Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
• Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
• Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
• Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
• Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
• A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
• Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
• An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
• Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

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